In the world of football, where ownership changes are as common as player transfers, one club stands firm in its resolve. The board of Tottenham Hotspur has announced that the club is "not for sale", despite receiving two expressions of interest. This announcement comes on the heels of speculation about a potential takeover bid following the sudden departure of executive chairman Daniel Levy.
The late Sunday announcement put to rest rumors that had been swirling since Daniel Levy's unexpected exit last week. As the Premier League's longest-serving chairman, Mr. Levy was a significant figure in Spurs' history, having earned more than £50m ($67.5m) during his nearly 25-year tenure.
However, his reign was not without controversy and he often found himself at odds with Spurs fans who regularly protested against him last season.
Rejection of preliminary expressions of interest
ENIC Sports & Developments Holdings Ltd., which owns Tottenham Hotspur, rejected two separate preliminary expressions of interest in acquiring the club. One offer came from Amanda Staveley's PCP International Finance Limited - former Newcastle United shareholder - and another from a consortium led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Tottenham owners, released statement:
"The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club,"
Ownership structure of The North London Football club
ENIC holds an almost 87% stake in Tottenham Hotspur making it a major decision-maker within the organization. UK businessman Joe Lewis along with his family own majority shares within ENIC while approximately 30% is held by Mr Levy and his family members.
This strong stand taken by ENIC sends out a clear message to potential buyers and the football world at large - Tottenham Hotspur is not on the market. Despite the departure of a key figure like Daniel Levy, the club remains steadfast in its commitment to its current ownership structure.
Fespite recent upheavals and interest from potential buyers, Tottenham Hotspur remains firmly under the control of ENIC Sports & Developments Holdings Ltd. The board's announcement has put an end to speculation about a possible sale or takeover bid for now. This news will undoubtedly be closely watched by sports fans and sports betting enthusiasts alike as they anticipate what this could mean for Spurs' future both on and off the pitch.
